Pyth Network describes itself as the first market data network built by and for financial institutions. Its pages make no dated promises we could check. It trades at $0.0546, #116 of all coins by size, 95% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. No dated promises on its pages. Nothing dated ahead. #2 of 19 oracles. Nothing to be careful of on the record.
Is it real?
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3 of 4
- ✓A real-world jobReal-world purpose: feeding real-world data to contracts
- ✓Real backingBacking: backed by Multicoin Capital; in the GMCI Index; trades on Coinbase, Crypto.com, Kraken
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- ✓Room to growRoom: worth $429.7M, 20 times smaller than Chainlink, the biggest coin within reach doing the same thing (Oracle)
Backed by Multicoin Capital
- Origin15 March 2024about about 2 yearspyth.network, GitHub, Whitepaper, Wikipedia
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingMulticoin CapitalInvestor tags from CoinGeckoIndex: GMCI IndexListed on Coinbase, Crypto.com, Kraken, Bitstamp
- Standing on the recordNo recordNo dated promise to judge yet22 headlines last month105,776 people keep it on a CoinGecko watchlistNo corrections needed so far
It is already worth more than the typical coin in Oracle ($28.32M). To match the leader, Chainlink ($8.5B), its price would need to rise 1878%, to about $1.08.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- Years younger than the group's leader
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
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Nothing dated
The project has not put a date on anything still open. That is a fact worth knowing.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Feeding real-world data to contracts
21 coins tagged Oracle, worth $9.4B together. #2 of 21 by worth.
Oracle: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Pyth Network$429.7Mthis coin−3.1%79% outnone dated
Chainlink$8.5B19.8× bigger, +$8.07B−0.4%, gap +2.875% outnone dated
RedStone$68.71M6.3× smaller, −$360.99M−1.3%, gap +1.851% outno record
Tellor Tributes$47.43M9.1× smaller, −$382.27M−1.4%, gap +1.7no maxno record
XYO Network$45.87M9.4× smaller, −$383.83M−3.3%, gap −0.1no maxno record
WINkLink$39.16M11.0× smaller, −$390.54M−0.8%, gap +2.4no maxno record
Apro$34.42M12.5× smaller, −$395.29M+0.8%, gap +4.023% outno record
Band$34.19M12.6× smaller, −$395.51M−4.4%, gap −1.3no maxno record
Oracle: this coin next to Chainlink, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Pyth Network says
- Pyth Network describes itself as the first market data network built by and for financial institutions.
- Chainlink says
- Chainlink is a service that supplies outside data and connections between different blockchains for other blockchain-based applications to use.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
Pyth Network describes itself as the first market data network built by and for financial institutions.
Its listing puts it this way: Pyth Network is a decentralised oracle network designed to provide real-time financial market data to decentralised applications (dApps) across multiple blockchains.
Problem it says it solves: feeding real-world data to contracts. 21 coins are working on it and together they are worth $9,402,821,531. This coin is 5% of that.
Where it trades: Coinbase, Crypto.com, Kraken, Bitstamp, Binance
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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Oracle: this coin next to the group's largest, Chainlink.
| Pyth Network | Chainlink | |
|---|---|---|
| Years trading | 3 years | 9 years |
| Major exchanges | 11 | 10 |
| Named backers | 1 | 0 |
| Headlines, last month | 22 | 107 |
| Promises delivered | no record | no record |
What it says is different: Pyth Network is a decentralised oracle network designed to provide real-time financial market data to decentralised applications (dApps) across multiple blockchains.
It is 5.1% the size of Chainlink. On the facts above it is behind on years trading, headlines, last month. For that gap to close, the record would need deliveries showing up in its record. Nothing here says it will; the site does not predict.
The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $1.20 on 15 March 2024. Today is 5% of that.
79%
of all PYTH that will ever exist is already out in public hands: 7.87B coins.
21% (2.13B coins) is already created but not in public hands, held by the project or locked in escrow. That is a small share. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Its pages do not say what holding it gets you
That is worth knowing before buying. A coin nobody needs is priced on hope.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- of the maximum supply is in circulation: 7.87B of 10B.
- 2.13Bcoins still to be released, 21% of the maximum. Releases can add selling pressure.
- 1.3×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $1.20 on 15 March 2024. That is −95.4% from the top.
- #116by market cap, $429,703,903.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
What the news says
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Headlines per day, last 30 days
22 headlines named this coin in the last month.
What they were about
- Price4
- Upgrade1
- PYTHUSD|Pyth Network|Price:0.054|Chg%:-0.000
- Pyth Network Reveals HIP-4 Initiative for Outcome Markets
- Pyth Network Drops 3.61% Amid Macro-Driven Crypto Pullback
- PYTH Volatility: Kalshi Filing and Routine Swings Explained
- Kalshi Taps Pyth To Power New Commodities Hub Markets
- Pyth Network Confirms Expansion of Trading Hours
- Pyth Pro Launches Enhanced Market Data Services for GlobalUpcoming
- Pyth Network (PYTH) Drops 3.86 Points Amid Macro Volatility
- Could Bitcoin's rising Gold correlation signal the next bull run?
- Pyth Network: Will PYTH’s 12% gains mark the start of a bigger rally?Upcoming
- Pyth Network (PYTH) Surges 3.74% on Commerce Data Tie-Up
- Fenics Market Data Reinforces Pyth Network’s Role in OTC
- Pyth Network (PYTH) Drops 3.6% Amid Macro Risk Off Tone
- Pyth Network Falls 6.2% Amid Broad Altcoin Market Pullback
- Pyth Network’s API overhaul threatens to freeze unpatched smart contracts across 300 DeFi protocols
- Pyth Network’s API overhaul threatens to freeze unpatched smart contracts across 300 DeFi protocols
- Pyth Network’s API overhaul threatens to freeze unpatched smart contracts across 300 DeFi protocols
- Pyth Network (PYTH) Surges 10.8% Amid Positive Derivatives News
- PYTH Surges on DAO Buyback, Kalshi Futures, Market Rally
- Pyth Network (PYTH) Rises 4.40% Amid Broad Crypto Rally
- Kalshi Pushes Beyond Prediction Markets With Copper Perpetual Futures
- Pyth Network (PYTH) Drops 3.64% Amid Bearish Sentiment
22 headlines in the last month.
Headlines are the publishers' own. News is never placed next to price.
The record itself
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy
Pyth Network describes itself as the first market data network built by and for financial institutions.
“Connect to the first market data network built by and for institutions.”source · snapshot · captured 2026-09-10
Live. The record does not yet cite when this stage began.
No dated or committed promises have been recorded yet.
No public code repository is listed in this record.
The project's blog page last changed on 14 September 2026.
Nothing further to flag from the record as it stands.
This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.